11 Feb 2025

light mode

Metaverse in the Air: Spain is Funding Web3 Projects and More

Metaverse in the Air: Spain is Funding Web3 Projects and More

The Spanish government is ready to nurture the metaverse’s growth.

On this page

According to its new initiative, small- and medium enterprises and freelancers in Spain and other EU member states are eligible for a grant aimed at developing experimental projects relating to Web 3 and the metaverse. 

The total pool of funds available is 3.8 million euros, with the Ministry of Economic Affairs and Digital Transformation emphasizing that this call focuses on companies that produce immersive content in the audiovisual industry and the video game sector.

 

This initiative is part of the 2026 Digital Spain strategy that plans to turn the state into an Audiovisual Hub. The Ministry expects the metaverse’s worth to exceed one billion dollars worldwide in 2026 while also creating virtual and augmented reality. The country’s goal is to increase the actors’ competitiveness and capitalize on new business opportunities. It also looks to engage more women, requiring that their presence makes up at least 25% of the team.

 

The applications may be submitted between August 4 to 1:00 p.m. – August 31, 2022. 

 

Spain’s initiative plays into the ever-growing popularity of the metaverse. In Catalonia, officials are planning to create a so-called Cataverse, turning the region, particularly Barcelona, into a technological hub with a focus on providing university students with digital-themed programs and courses in order to grow a new generation of talents. 

Dubai has also recently unveiled a metaverse of its own, enabling people to access governmental institutions and departments in the virtual world.

Big companies like Gucci are not lagging behind. Recently, the brand welcomed everyone in Gucci Town, noting that “surprises await as Alessandro Michele’s vision transforms into a played story, with the Gucci Community as the main character. Journey through each space to create, connect, and collect, the Gucci way in this ongoing experience.”

The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.

Articles by this author

Latest News

MORE
GTA 6 Rumored to Feature Crypto Payments and Play-to-Earn Model

GTA 6 Rumored to Feature Crypto Payments and Play-to-Earn Model

The internet is buzzing once again with speculation that Grand Theft Auto VI (GTA 6) might introduce cryptocurrency payments and implement Play-to-Earn (P2E) mechanics.

10 Feb 2025
Crypto Bull Market? DonAlt Says Sentiment Has ‘Never Been Worse’

Crypto Bull Market? DonAlt Says Sentiment Has ‘Never Been Worse’

Despite Bitcoin trading near the $100,000 mark, some crypto influencers argue that market sentiment is at an all-time low. BTC’s dominance has overshadowed most altcoins, leaving many retail investors frustrated.

10 Feb 2025
Klarna to Integrate Crypto: CEO Invites User Suggestions

Klarna to Integrate Crypto: CEO Invites User Suggestions

Klarna, a global payment solutions provider based in Sweden, became the latest fintech to integrate cryptocurrencies.

10 Feb 2025
Polymarket Grows as Users Move Beyond Election Bets

Polymarket Grows as Users Move Beyond Election Bets

Polymarket’s rise was fueled by political wagering, but its growth hasn’t stopped there. The platform now offers a wide range of prediction markets, attracting users looking for more than just election-based speculation.

10 Feb 2025

Latest News Alt

MORE
Weekly Analysis of BTC, ETH, and the Stock Market (Feb 3, 2025)

Weekly Analysis of BTC, ETH, and the Stock Market (Feb 3, 2025)

An overview of BTC, ETH, XAUT, and S&P500 charts, and the current cryptocurrency market dynamics.

03 Feb 2025
Weekly Analysis of BTC, ETH, and the Stock Market (Jan 27, 2025)

Weekly Analysis of BTC, ETH, and the Stock Market (Jan 27, 2025)

An overview of BTC, ETH, XAUT, and S&P500 charts, and the current cryptocurrency market dynamics.

27 Jan 2025
Weekly Analysis of BTC, ETH, and the Stock Market (Jan 13, 2025)

Weekly Analysis of BTC, ETH, and the Stock Market (Jan 13, 2025)

An overview of BTC, ETH, XAUT, and S&P500 charts, and the current cryptocurrency market dynamics.

13 Jan 2025

Might Be Interesting

MORE
How Blockchain Helps Combat Disinformation

How Blockchain Helps Combat Disinformation

Fake news has become a global issue, shaping public opinion, fueling social tensions, and even influencing political decisions. With the rise of social media, the spread of misinformation has accelerated, making it increasingly difficult to regulate. However, blockchain technology offers a promising solution in the fight against fake news.

07 Feb 2025
Trading Psychology: How to Avoid Falling Victim to Your Own Biases

Trading Psychology: How to Avoid Falling Victim to Your Own Biases

The most successful traders aren’t always the smartest. More often, those who excel are the ones who understand psychological traps, manage their emotions, and maintain rationality under pressure.

03 Feb 2025
Liquidity Pools — The Engine Driving DeFi

Liquidity Pools — The Engine Driving DeFi

Liquidity pools fuel DeFi by enabling instant token swaps, but what exactly are they? These crowdsourced reserves make decentralized trading possible—but they also come with risks. Here’s what you need to know before diving in.

31 Jan 2025
Bitcoin Name Service — Making Web3 Addresses Easier to Read

Bitcoin Name Service — Making Web3 Addresses Easier to Read

As the Bitcoin blockchain evolves, new opportunities are emerging for users to interact with DEX technologies. One of the major advancements is the Bitcoin Name Service (BNS)—a protocol that replaces complex web3 addresses with names that are easy for humans to understand.

29 Jan 2025
How to Withdraw Bitcoin from PayPal: A Step-by-Step Guide

How to Withdraw Bitcoin from PayPal: A Step-by-Step Guide

PayPal is one of the most popular online payment platforms. In 2022, it introduced features that allow users to transact with cryptocurrencies, including Bitcoin (BTC). However, withdrawing crypto from PayPal is not as straightforward as transferring fiat funds. This guide will walk you through the process of withdrawing Bitcoin from PayPal.

29 Jan 2025
Crypto Wallet Backups: Are You Truly Ready for Self-Custody?

Crypto Wallet Backups: Are You Truly Ready for Self-Custody?

Being your own bank is one of the great perks of crypto. It’s perfect for those who want extra security or believe in decentralization. But self-custody isn’t exactly a walk in the park – you’ve got to master the art of backups because you’re the only one responsible for your assets.

28 Jan 2025

Opinions

Super Bowl Bets Under Fire: CFTC Probes Kalshi and Crypto.com

Super Bowl Bets Under Fire: CFTC Probes Kalshi and Crypto.com

The Super Bowl, the largest sporting event in the US, has more to it than just the competition. The exciting show and, of course, commercials and bets are a big part of it, too. The winner will become known as early as tomorrow. Not everything always goes smoothly, though.

08 Feb 2025
Arthur Hayes — Is Trump’s Crypto Policy Setting a Trap?

Arthur Hayes — Is Trump’s Crypto Policy Setting a Trap?

Arthur Hayes, in The Genie, argues that Trump’s crypto agenda might not be what it seems. Could regulatory changes lead to unexpected consequences? Read our full breakdown.

07 Feb 2025
MORE

Interviews

“Satoshi is CIA”: Swedish crypto bro opens up about his Bitcoin journey

“Satoshi is CIA”: Swedish crypto bro opens up about his Bitcoin journey

The first crypto craze took place almost a decade ago. Overnight, many people found out about Bitcoin and its underlying technology, blockchain.

31 Jan 2025
Dmytro Gordon and Volodymyr Nosov: A Sensational Interview

Dmytro Gordon and Volodymyr Nosov: A Sensational Interview

Volodymyr Nosov, CEO of Europe’s largest crypto exchange WhiteBIT, sat down with Dmytro Gordon, one of Ukraine’s most prominent journalists. The interview touched on Bitcoin, crypto, WhiteBIT, cars, keys to success, and business vision.

18 Dec 2024
MORE